The Swatch Group AG (0QM4.IL)
- Yahoo Finance
Rolex's new 2024 watches are a 'return to normalcy' after 'crazy' debuts
Coming off a "hype watch"-fueled 2023, luxury Swiss watch giant Rolex is taking a step back with some toned-down debuts for 2024, mirroring a watch market that’s returning to normalcy.
- The Telegraph
Swatch store mobbed by watch buyers after new tie-up with Omega
Watch buyers flocked to Swatch’s central London stores on Tuesday, as it released its latest collaborative piece with high-end designer Omega.
- Reuters
Swatch Group dashes dividend expectations, shares tick lower
ZURICH (Reuters) -Swatch Group on Tuesday missed profit forecasts for 2023 and proposed a much smaller than expected dividend increase - putting pressure on the world's biggest watchmaker's stock. The maker of Omega, Tissot and Longines watches as well its eponymous mass-market plastic watches posted sales rising by 5.2% last year to 7.88 billion Swiss francs ($9.10 billion). The proposed 8.3% dividend increase in dividend also missed expectations for a 19% increase, helping to send Swatch shares 3.2% lower in early trading.
